The cryptocurrency market fluctuates throughout the year, (Lucrative Crypto Coins) creating a big question among investors about whether investing in it is worth it. From Bitcoin to Cardano, there are a wide range of currencies, making it difficult for investors to determine which is the best coin among the available alternatives. For your convenience and comfort, we are covering 10 best cryptocurrencies that are listed on the top position on the basis or market capitalization or the total value of all of the coins currently demanded in the market. Let’s shed some light on each and every cryptocurrency:-
Satoshi Nakamoto, or the pseudonym group, developed Bitcoin in 2009. Bitcoin (BTC) runs on a blockchain system that is distributed, created, or traded with a decentralised ledger.
The funds of clients are kept secure with Blockchain because of the decentralised ledger system. All bitcoins transactions are verified by solving a cryptographic puzzle – called proof of work (PoW). However, the information passes through a network of thousands of computers. Since 2009, Bitcoin has never ever become a part of cyber attacks or scams, which is enough to determine how genuine the crypto coin is.
The price of Bitcoin skyrockets to its peak as it is the most popular and worthful currencies across the globe. In May 2016, a Bitcoin price was about $500, and goes above $44,000 in March 2022. However, it showed a steep growth in the Bitcoin price.
Ethereum (ETH) native token is the closest to Bitcoin as it secured the second position on the top 10 list of lucrative crypto coins. It is taking the cryptocurrency market to the next level because the demand for cryptos increasing significantly over the past few years. However, software developers like the cryptocurrency platform and the Ethereum blockchain because of potential applications. It consists of smart contracts, non-fungible tokens (NFTs), games, and DeFI capabilities.
The Ethereum blockchain platform’s main aim is to replace traditional financial services like banks and brokerages with the help of a decentralized application, commonly referred to as DeFi. Ether is the currency that is often used to make powerful transactions on the Ethereum blockchain.
This stablecoin is controlled by iFinex, which also controls the Bitfinex exchange. Unlike other cryptocurrencies, Tether is the largest stablecoin, entirely different from ETH and BTC.It is abbreviated by the USD or USDT and backed by a fiat currency and remains to maintain a value equal to one of those denominations. Theoretically, Tether is more consistent than other crypto coins. This is why many investors prefer to invest in Tether because of the extreme volatility of other cryptocurrencies.
Binance (BNB), biggest cryptocurrency exchanges in the world allows you use to trade and pay fees on Binance. Since its establishment, the growth of Binance has grown significantly from $0.10 (2017) to $413 (March 2022). Furthermore, it can be used for other purposes, such as making payments or even booking trips. It can trade or exchange in other forms of cryptocurrency, such as Ethereum or Bitcoin.
XRP is a native token of Ripple. It is a lucrative cryptocurrency that relies on a decentralized public blockchain platform that is used to facilitate trades, including fiat currencies and other important cryptocurrencies. It is easy to use, fast, reliable, and secure because it is based on Defi. Its low transaction cost, strong community of developers, easy access, and open-source code stand it out from the crowd.
The price of XRP at the beginning of 2017 was $0.006 and went to $0.80 in March 2022. As a result, it has increased by more than 12,600% .
Doge name is well-known due to the internet meme, Doge has a Shiba Inu as Dogecoin logo. Dogecoin was created only for fun, but it unexpectedly gained popularity and is currently ranked #29 in the world with a $346 million market cap. The popularity of Dogecoin and its mining difficulty go hand in hand. It uses the Scrypt system, the same as Litecoin, so you don’t need to use expensive hardware to add DOGE to your portfolio. The current Dogecoin price is $0.096425 with a $390,674,522 24-hour trading volume. They continuously update their DOGE to the USD exchange rate. Lucrative Crypto Coins
Today’s Cardano price Cardano (ADA) is trading at USD 0.31430905, an increase of 1.20% from the previous day. Compared to other significant cryptocurrencies, the rise of the Cardano ADA token has been modest. The price of ADA was $0.02 in 2017. Its price was $0.99 on March 1st, 2022. This is a 4,850% rise. Cardano is unique for using proof-of-stake validation early while entering the crypto industry somewhat later. By eliminating the competitive, problem-solving part of transaction verification seen in systems like Bitcoin, this approach reduces energy consumption, increases transaction speed, and has a negligible negative impact on the environment.
A framework and protocol for creating and linking Ethereum-compatible blockchain networks are Polygon. Polygon is available for $0.906. The first well-organized, user-friendly Ethereum scaling and infrastructure development platform is called Polygon (formerly known as Matic Network). The co-founder of Ethereum, Vitalik Buterin, developed the Plasma framework, which is the technology Polygon uses to execute scalable and autonomous smart contracts. Lucrative Crypto Coins
With a 24-hour trading volume of $221,221,006, the current live price of Polygon is $0.905746. They continuously update the price of MATIC in US dollars. In the past 24 hours, Polygon has decreased by 2.17%. With a live market cap of $7,911,072,074, CoinMarketCap is now ranked #10.
With a 24-hour trading volume of $169,114,377, the current live price of Solana is $13.61. On the preceding day, Solana decreased by 1.90%. With a live market cap of $4,981,259,148, CoinMarketCap now ranks 16th.
Decentralized financing (DeFi), decentralised apps (DApps), and smart contracts are all supported by Solana. It operates on an advanced hybrid proof-of-stake and proof-of-history system, which helps in the quick, and secure transaction process. Lucrative Crypto Coins
Litecoin (LTC) is a cryptocurrency that takes advantage of the special features of blockchain technology to offer quick, safe, and affordable payments. With a $369,688,309 trading volume over a day, the current price of Litecoin is $76.31. In the past 24 hours, the Litecoin price has decreased by 2.33%. With a live market cap of $5,478,694,072, CoinMarketCap now ranks at 13th position. Litecoin is the second highest used cryptocurrency after Bitcoin. The coin has achieved position due to its clarity and usefulness. Lucrative Crypto Coins
It is a fact that different cryptocurrencies are available in the market; choosing one among them takes a lot of time for traders. Also, the crypto market is highly volatile because the prices of digital assets fluctuate very rapidly; even in a few seconds, then the entire scenario will change. So, traders need to cross-check the market conditions or rates of a particular cryptocurrencies before trading. Therefore, it is recommended that traders research properly by surfing official websites, ratings, or reviews of a particular cryptocurrency they have chosen for trading. Lucrative Crypto Coins
Losing money in crypto is a common fear for everyone but by taking proper measures and precautions. In this way, we can reduce the chance of losing hard-earned money. If you want any help related to trading in crypto, then you can connect with good crypto brokers like Capitalix and InvestBy.